Skyway Capital warning issued Estonian financial regulator
Estonia’s Financial Supervision Authority (FSA) is the country’s top financial regulator.
Following increased interest and participation in Skyway Capital, the FSA issued an investment warning back in April.
The FSA identify Skyway Capital as First SkyWay Invest Group LTD, a “dormant” shell company incorporated in the UK.
As per Skyway Capital’s compensation plan, affiliates invest funds on the promise of a daily ROI of up to 22%.
Seeing as Skyway Capital aren’t registered with the FSA to offer securities in Estonia, the FSA claim it’s an illegal unregistered securities offering.
First SkyWay Invest Group LTD has not submitted to (the) Financial Supervision Authority documents required for public offering of securities and therefore is not authorised to publicly offer securities in Estonia.
To the best of my knowledge Skyway Capital has not registered itself with any authority in any jurisdiction it solicits investment from.
As per Alexa traffic estimates, interest in Skyway Capital began to decline in mid-April.
With the monorail ruse all but collapsed, word on the grapevine is the company is gearing up to launch its own cryptocurrency.